Denison to receive approximately $5.3 million in connection with termination of upc management services agreement

Toronto, april 28, 2021 /prnewswire/ - denison mines corp. ("denison" or the "company") (tsx: dml)  (nyse american: dnn) congratulates uranium participation corp. ("upc") (tsx: u) and sprott asset management lp ("sprott") on having reached an agreement to convert upc into the sprott physical uranium trust (the "trust") – effectively aligning upc's business with the world's leading physical commodity investment vehicles and making it eligible to pursue a listing in the united states (the "transaction").  upon completion of the transaction, sprott will become the manager of the trust and the management services agreement ("msa") between denison mines inc. (the "manager", a wholly owned subsidiary of denison) and upc will be terminated.
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